The Business Risk Assessment

9th April 2021

The carrying out of a business risk assessment (BRA) is an obligation that came into force as from 1st January 2018 and stems from Regulation 5(1) of the Prevention of Money Laundering and Funding of Terrorism Regulations and Section 3.3 of the FIAU Implementing Procedures Part I.

The FIAU has drawn up an analytical document featuring Business Risk Assessments carried out across Maltese industries subject to anti money laundering supervision and the results thereof. This document also includes good practices which should be adopted by the subject persons.